Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Shorting IDFC Positionally in Futures

15 sec read


 

IDFC Future Price : Rs 153.50
 
IDFC has recently broken below both the GANN Shorter tern and longer term
trend line. Now its time for positional players to short this stock at every rise
for a target of Rs 126  fibonacci retracement of  with stop loss of Rs 160 on EOD basis.
 
Weakness in IDFC is expected until it closes above Rs 160 on EOD basis

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

GANN Daily Nifty Charts

Posting Gann Charts after a very long time.Chart shown that Gann supports near 5640-5660 zone
Rajandran R
4 sec read

Nifty hourly trading for 17 August 2010

Chart shows that Nifty hourly mode @ GANN Supports zone 5417-5410. Breakdown below the support zone will target the next support zone 5200
Rajandran R
5 sec read

Nifty hourly trading for 12th Aug 2010

Hourly sell signal in nifty continues with cloud resistance 5462. GANN Supports/Targets are at 5370-5375 zone and 5180-5200 zone.
Rajandran R
4 sec read

0 Replies to “Shorting IDFC Positionally in Futures”

  1. sir,just wanted to bring to your notice that in IDFC, rs. 150 is 200ema support and stochs are in OS region getting up ,along with other technicals as bollinger bands,there is a fair chance of bounce to 5o ema of rs.160 before further action.kindly check

  2. @aarvee,For IDFC 200MA = 120 and 200 EMA = Rs 131Any how it breaks the GANN support. So the ideal trade should be on the short side rather thinking about longs

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